Trend tradingThis one is already in a downtrend, and I have no intention to predict the reversal. It has already taken enough retracement and is ready to go down again with a bearish engulfing. You can take a trade with a 1:2 risk-to-reward ratio.
In-depth trading ideas
Don't Let A 99% Discount Fool You (Biggest Trap)Don't Let A 99% Discount Fool You (The Biggest Trap In Crypto Right Now: NASDAQ:LAB )
Many investors are buying #LAB expecting an easy 2x-10x recovery simply because it's down over 99%.
But here's what most people are ignoring...
NASDAQ:LAB crashed from $18 to $0.16 in just 2 weeks (-99%)
It then fell from its all-time high of $24 to just $0.16 in only 6 weeks.
That's one of the fastest collapses you'll ever see.
The chart still shows no clear signs of accumulation or a confirmed trend re
Short